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Debt repayment comes first

29th January 1983, Page 26
29th January 1983
Page 26
Page 26, 29th January 1983 — Debt repayment comes first
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WHAT NEXT for the NFC? Repayment of loans takes high priority. Expansion overseas, an intention avowed in the prospectus, is less urgent, although a firm footing has already been gained in Australia in a countrywide removals business. Peter Thompson is greatly impressed by Australian parcels operations and I would not be surprised to see the NFC extend in that direction.

When the time is right the consortium will undoubtedly bid for an American company. The dust raised by legislative changes in US road haulage will, however, first have to settle.